The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The GBP/CHF pair fell during the majority of the session on Thursday, but as you can see bounced enough to form a hammer which suggests to me that the 1.48 level is starting to give way to the buyers.
The USD/CAD pair fell most of the session on Thursday, but I would not read too much into that move, simply because the Americans were away at Thanksgiving, and the Canadian simply would have done much of the same as the liquidity would have dried out of the market.
The AUD/USD pair tried to rally during the session on Thursday, as the Americans were away at Thanksgiving holiday. However, you can see that the buyers got blown out, and the market ended up forming a shooting star.
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The EUR/USD pair rose during the session on Thursday, as the Americans were away on giving. However, you can see that the market did in fact get above the 1.36 handle at one point during the session, which of course was the level I needed to see this market break above in order to start going long.
The WTI Crude Oil markets did almost nothing during the abbreviated session on Thursday, and remains just below the $92.50 handle.
The USD/JPY pair will more than likely be the place to be most of the next year or two. The reason I say this is that you will not find a more blatant example of central bank interaction than you will see in this pair.
The EUR/JPY pair has been on fire lately. Because of this, I certainly cannot advocate selling it at all, and as a result I won’t even entertain a short position – no matter how parabolic the market gets.
The AUD/CAD pair continues to fall over the longer-term, and I think December will see more of the same. The reason I am doing analysis on this pair is that it is so useful when it comes to others markets.
Gold market was predictably calm while the United States was on holiday. Although the pair has been suffering from weakening demand for physical gold since beginning of the month, the trading action is getting tight recently.
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The XAU/USD pair closed yesterday's session lower than opening after the latest reports released from the Unite States provided further evidence that the world's biggest economy is on the right track.
Follow up with the EUR/USD pair with this Forex signal.
Follow up on the GBP/USD pair with this free Forex signal here.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY pair shot straight up during the session on Wednesday, as the battle between the two central banks continues to favor the Federal Reserve.
The AUD/USD pair fell during the session on Wednesday, breaking below the previous low on Tuesday. As you can see, we also broke down below the hammer on the Monday session, and now looks like the pair is ready to continue lower, probably heading towards the 0.90 level.
The GBP/USD pair shot higher during the session on Wednesday, breaking above the 1.63 level. However, we did not manage to close above that level, and as a result this market isn't truly broken out yet.